10,750 Shares in Comcast Co. (NASDAQ:CMCSA) Bought by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,750 shares of the cable giant’s stock, valued at approximately $449,000.

Other hedge funds have also modified their holdings of the company. Koshinski Asset Management Inc. boosted its position in shares of Comcast by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after purchasing an additional 249 shares during the period. Regent Peak Wealth Advisors LLC lifted its stake in Comcast by 3.1% in the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after buying an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC boosted its holdings in shares of Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after acquiring an additional 260 shares during the period. Greenwich Wealth Management LLC grew its position in shares of Comcast by 2.7% during the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after acquiring an additional 261 shares during the last quarter. Finally, Saxon Interests Inc. increased its holdings in shares of Comcast by 2.0% in the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after acquiring an additional 262 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Down 0.9 %

Shares of Comcast stock traded down $0.41 during trading hours on Friday, reaching $43.78. 2,351,502 shares of the company’s stock were exchanged, compared to its average volume of 19,638,330. The firm has a market capitalization of $169.54 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a fifty day moving average of $41.00 and a 200-day moving average of $39.66.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the firm posted $1.08 EPS. The company’s revenue was up 6.5% on a year-over-year basis. Sell-side analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

Several analysts have commented on CMCSA shares. KeyCorp upped their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Wells Fargo & Company upped their price target on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Pivotal Research boosted their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, TD Cowen dropped their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average target price of $46.75.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.